MBK Homes, who’s primary business has been for-sale housing, gets ready to open a rental community in the Carmel Valley area of San Diego with product more akin to for-sale townhomes than your traditional stacked flat apartments. The reason? Extremely low vacancy rates and lack of competitive supply for like product on the rental market. Seems like an interesting play.
The NAHB/Wells Fargo builder sentiment index rose to 59 in June from 54 in May. The consensus forecast among economists was 56. The strong reading seems to be reflective of
From start-up to behemoth, in five short years Irvine-based TRI Pointe homes catapults itself into the ranks of the nation’s largest builders (by unit closing volume) through its $2.8B merger
KB Home reported 4Q 2015 earnings of $44 million, or 43 cents a share, compared to analyst expectations of 50 cents a share. KB also reported that average selling prices
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